Ocean Freight

Valenciaport's latest hackathon gathered global startups to create digital solutions for maritime challenges, boosting port innovation

The Drewry World Container Index (WCI) experienced a 9% week-on-week increase, indicating a significant rise in global container rates

Ocean Network Express (ONE) is launching a new weekly container service, the Mediterranean Africa Express Service (MAX).

LNG shipping spot rates declined across major global routes last week, indicating a softer market.

Gibraltar Port Authority fears EU's RED III directive may divert ship refueling to non-EU ports, impacting regional bunker markets

Rotterdam's B30-VLSFO biofuel bunker prices increased by $27/mt last week, contrasting with stable conventional VLSFO costs

DCE iron ore futures saw a slight increase, with port spot prices rising amid active trading and moderate steel mill interest

The Port of Tarragona has secured its first PERS certification, affirming its commitment to environmental management standards.

Tianjin Port achieved a new draft record, accommodating an ultra-large bulk carrier with 22.18 meters of draft

US LNG exports to Latin America and the Caribbean hit a 37-month high in June, increasing significantly from May.

Saudi Arabia has boosted oil shipments through the Strait of Hormuz after the US and Iran reached an agreement to reopen the sea lane

Iron ore futures rose as China's state-backed buyer expanded import restrictions on Australian miner Fortescue.

The EU steel industry grapples with weak demand and global overcapacity, leading to increased protectionism and new trade measures

Copper futures held steady as expectations for Federal Reserve interest rate hikes decreased, influenced by softer US jobs data.

Soybean futures hit a four-week high due to mixed US Midwest weather and anticipated higher Chinese demand.

Oil prices were mixed due to higher OPEC+ output and Gulf exports, offset by Strait of Hormuz geopolitical uncertainty

China's new policies are reshaping natural gas demand, affecting LNG trucking and promoting industrial coal-to-gas switching.

Canada is developing a new oil pipeline to its Pacific coast to boost exports to Asia and reduce reliance on the US

BW LNG has ordered a new 174,000 cbm FSRU from HD Hyundai Heavy Industries for $320 million, due in Q2 2029

DNV Maritime's CEO stresses energy efficiency as key to shipping decarbonization amidst geopolitical and commercial pressures

Sweden's Port of Trelleborg is undertaking a significant quay reconstruction to boost its dedicated ro-ro freight capacity.

Tersan Shipyard in Türkiye has started building an advanced ultra-large cable-laying vessel for a South Korean client

EV Maritime will integrate electric propulsion for five new battery-electric ferries in Western Australia's METRONET expansion

The Port of Québec secures C$5.1 million in provincial funding for shore power at Wharves 30 and 101

Value Maritime appointed Hai Cheung China as its technical consultant and agent to strengthen its presence in the Chinese market

Felixstowe port is expanding its autonomous truck fleet to boost operational efficiency and cargo flow.

CMA CGM is projected to become the world's second-largest container shipping line by the end of 2027

TOC Europe 2026 highlighted a major industry shift towards battery-electric systems for cargo handling equipment

Ten Japan-linked vessels have departed the Strait of Hormuz after being stranded for months due to regional tensions.

OOCL's first methanol dual-fuel containership, OOCL Wisdom, completed its initial green methanol bunkering at Qingdao Port.